Examples of recent questions relating to the RBS (One Account) Conveyancing Panel
from members of the public
On what basis would a firm of solicitors be removed from the RBS (One Account) approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been excluded from a lender panel. The most common reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by RBS (One Account)
can you help? My solicitor is advising me that she is duty-bound to apply for a Local Authority search as the firm are on the RBS (One Account) approved lawyer panel. Is this really necessary?
You have limited options available to you. Given that you are taking out a loan with RBS (One Account) your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of RBS (One Account)’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated RBS (One Account). even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I am buying a flat and need a conveyancing solicitor in Birmingham who is on the RBS (One Account) approved. Could you point me in the right direction as regards a firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for RBS (One Account) . We don’t recommend any particular firm.
I was due to complete on my first house last Thursday. My lawyer’s firm is on the RBS (One Account) solicitors panel but has moved offices 8 weeks ago and had not advised RBS (One Account) of their new address. RBS (One Account) is now refusing to release my funds as the information from the solicitors isn't correct.
This is a rare situation indeed. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local RBS (One Account) branch or your mortgage broker to see if they can help.
When it comes to lenders such as RBS (One Account) do solicitors have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
We have had an offer accepted on a house I spoke to a solicitor recommended by my dad and he recommended using a property lawyers approved by RBS (One Account). The estate agent recommended two local firms so I asked RBS (One Account) if the 2 suggested solicitors are approved, which they are not. RBS (One Account) pointed out that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of RBS (One Account) 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of RBS (One Account) to suggest a law firm in your location. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the RBS (One Account) conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto RBS (One Account) conveyancing panel as it may only take about 2-3 weeks. As long as they meet RBS (One Account)’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I am selling my flat. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, RBS (One Account) are being pedantic. The solicitor who is on the RBS (One Account) conveyancing panel is saying indemnity insurance will be fine but RBS (One Account) are requiring a building regulation certificate. Why do RBS (One Account) have a conveyancing panel of they don’t accept advice from them?
It is probably the case that RBS (One Account) have referred the matter to their valuer. The reason why RBS (One Account) may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.